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IRS Lists Unused Housing Credit Carryovers For 2009.

SEP. 2, 2009

Rev. Proc. 2009-40; 2009-39 I.R.B. 438

DATED SEP. 2, 2009
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Areas/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2009-19696
  • Tax Analysts Electronic Citation
    2009 TNT 169-4
Citations: Rev. Proc. 2009-40; 2009-39 I.R.B. 438

Part III -- Administrative, Procedural, and Miscellaneous

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part I, § 42; 1.42-14.)

SECTION 1. PURPOSE

This revenue procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under § 42(h)(3)(D) of the Internal Revenue Code for calendar year 2009.

SECTION 2. BACKGROUND

Rev. Proc. 92-31, 1992-1 C.B. 775, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under § 42(h)(3)(D). Section 4.06 of Rev. Proc. 92-31 provides that the Internal Revenue Service will publish in the Internal Revenue Bulletin the amount of unused housing credit carryovers allocated to qualified states for a calendar year from a national pool of unused credit authority (the National Pool). This revenue procedure publishes these amounts for calendar year 2009.

SECTION 3. PROCEDURE

The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2009 is as follows:

 Qualified State     Amount Allocated

 

 

 Alabama                  $ 104,336

 

 California                 882,632

 

 Connecticut                 78,360

 

 Delaware                    19,540

 

 Florida                    410,197

 

 Georgia                    216,772

 

 Illinois                   288,743

 

 Kansas                      62,713

 

 Kentucky                    95,548

 

 Maine                       29,463

 

 Maryland                   126,083

 

 Massachusetts              145,428

 

 Michigan                   223,881

 

 Minnesota                  116,835

 

 New Hampshire               29,448

 

 New Jersey                 194,322

 

 New Mexico                  44,411

 

 New York                   436,202

 

 North Dakota                14,365

 

 Ohio                       257,060

 

 Oregon                      84,823

 

 Pennsylvania               278,599

 

 Rhode Island                23,517

 

 South Dakota                17,998

 

 Tennessee                  139,092

 

 Utah                        61,243

 

 Vermont                     13,904

 

 Virginia                   173,876

 

 West Virginia               40,609

 

 

EFFECTIVE DATE

This revenue procedure is effective for allocations of housing credit dollar amounts attributable to the National Pool component of a qualified state's housing credit ceiling for calendar year 2009.

DRAFTING INFORMATION

The principal author of this revenue procedure is Christopher J. Wilson of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure contact Mr. Wilson on (202) 622-3040 (not a toll-free call).

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Areas/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2009-19696
  • Tax Analysts Electronic Citation
    2009 TNT 169-4
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